Santiment: BTC whales buying as retail investors sell, a bullish sign

According to on-chain analytics platform Santiment, recent Bitcoin data reveals a trend where large-scale investors, known as whales and sharks, are accumulating the asset while smaller retail investors are selling. The firm noted that the crypto market typically follows the movements of these major investors, often moving in the opposite direction of retail sentiment. Santiment highlighted that since Dec. 17, wallets holding between 10 and 10,000 BTC have collectively added 56,227 BTC. The platform interprets this accumulation as an indicator of a local market bottom. The analysis added that the outlook is further bolstered by small retail investors, those holding less than 0.01 BTC, who have been taking profits over the past 24 hours.